Raleigh Capital Management Inc. Acquires 24,144 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Raleigh Capital Management Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 27.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,484 shares of the company’s stock after buying an additional 24,144 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises 2.0% of Raleigh Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Raleigh Capital Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Abound Financial LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 3.1% during the 3rd quarter. Abound Financial LLC now owns 197,497 shares of the company’s stock worth $9,245,000 after purchasing an additional 5,962 shares during the period. Tsfg LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 24.1% during the third quarter. Tsfg LLC now owns 1,464 shares of the company’s stock valued at $69,000 after buying an additional 284 shares during the period. Money Concepts Capital Corp boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.5% during the third quarter. Money Concepts Capital Corp now owns 21,719 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,324 shares during the last quarter. Guerra Advisors Inc purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $148,000. Finally, Woodmont Investment Counsel LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 10.1% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 410,401 shares of the company’s stock worth $19,211,000 after buying an additional 37,744 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM opened at $49.47 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $50.58. The company’s 50 day simple moving average is $47.76 and its 200 day simple moving average is $46.50. The stock has a market capitalization of $16.52 billion, a PE ratio of 15.39 and a beta of 0.56.

About SPDR Portfolio Emerging Markets ETF

The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.